Atoss Software Ag Stock Forecast

Atoss Software Ag stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

0N66.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.41%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Atoss Software Ag stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £145.51 and £219.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Atoss Software Ag gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Atoss Software Ag stock

Atoss Software Ag finds support from accumulated volume at £109.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £1.60 between high and low, or 1.44%. For the last week, the stock has had daily average volatility of 2.22%.

Atoss Software Ag is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: £106.94 (-4.86%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 9 which reduces the risk some. There is a buy signal from a pivot bottom found 40 days ago.)

Trading Expectations (0N66.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Atoss Software Ag to open at £112.00, and during the day (based on 14 day Average True Range), to move between £101.14 and £123.66, which gives a possible trading interval of +/-£11.26 (+/-10.02%) up or down from last closing price. If Atoss Software Ag takes out the full calculated possible swing range there will be an estimated 20.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £113.60 (1.07%) than the support at £109.75 (2.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Atoss Software Ag stock A Buy?

Atoss Software Ag holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Atoss Software Ag of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.